Proactiveinvestors USA & Canada

Latest Update Shows Molybdenum at Animas’ El Tigre Prospect

Fri, 23 Jul 2010 13:13:00 -0400

This comes on the back of news earlier this month that an updated NI 43-101 compliant report was filed for their Golden Arrow Project in Nevada

Animas Resources reports significant progress at Golden Arrow project

Tue, 20 Jul 2010 13:49:00 -0400

Animas Resources (TSX-V:ANI) has reported significant progress at the Golden Arrow project in Nevada. In recent weeks the company has completed and filed an updated NI43-101 Technical Report; it has completed a gradient array IP/resistivity survey, an RIP (Reconnaissance Induced Polarity) survey and an IP (induced polarity) survey.

The company has also hired drilling contractors and secured a water supply for an upcoming core and reverse circulation programme, which is due to begin in September.

"Our program at Golden Arrow is to use the extensive geophysical data available including gravity, IP and regional magnetic to help plan and guide the upcoming drilling program designed to identify new centers of gold mineralization as well as test several targets with potential for much larger deposits,”president Gregory E McKelvey commented.

The Golden Arrow property is located in the central Nevada high desert, approximately 60km east of Tonopah, in Nye County, the eastern flank of the Kawich Range and the eastern rim of the Kawich volcanic caldera. Golden Arrow consists of both patented and unpatented mining claims, over 2,300 hectares. Golden Arrow currently contains a NI43-101 Measured and Indicated Mineral Resource of 296,500oz of gold and 4Moz (million ounces) of silver, and an Inferred resource of 50,400oz of gold and 1.2Moz ounces of silver.

On the company’s behalf, Mine Development Associates completed the updated Technical Report,which was subsequently filed on June 9.

The company hired Zonge Geosciences Inc, to conduct a gradient array IP/resistivity survey, which covered 6 defined blocks and totalled 9.3km2. The survey covered the Gold Coin, Hidden Hill, the Page fault, and the geochemical target to the southeast of Confidence Mountain.

Additionally, Durango Geophysical Operations (DGO) has completed an RIP survey of the entire Golden Arrow property. The RIP survey comprised 4 separate set up arrays, one in each of the quadrants of the property, to provide a property-wide test for large, physically distinct, exploration targets.

“Plans for advancing the targets include a review and targeting session in mid-July, integration of all the new data into the existing GIS program, fencing and securing the open cuts, shafts, and holes, and drilling the best targets starting in September,” McKelvey added.

Animas has hired drill contractors - Major Drilling and Envirotech Drilling - for the diamond core and reverse circulation drilling, respectively. Drilling is expected to get underway on September 1 2010.

Animas Resources advances target development efforts at Kingsley multi-element property

Fri, 09 Jul 2010 12:38:00 -0400

Animas Resources (TSX:ANI) has advanced its exploration efforts at its Kinsley Mountain project in Nevada, which included the completion of a geochemical survey covering the entire property, a new geological map of the property with selective geochemical sampling and the conclusion of an environmental audit.

The company has also completed a ground gravity geophysical survey, scanned historic technical data and is currently building a GIS (Geographic Information System) database.

A total of 1,610 samples are being analyzed by ALS Chemex for multi-element geochemistry.

“Our approach at Kinsley Mountain is to return to the basics of geological mapping, geochemical sampling, gathering up-to-date geophysical information and integrate it in light of new gold discoveries in this part of Nevada while using the new data and modern ideas to develop sound exploration targets,” said president Gregory McKelvey.

The work that has so far been carried out on the property includes compilation and integration of all technical information within a GIS for interpretation and exploration targeting, the completion of a 424 station property-wide gravity geophysical survey and the purchase of propriety regional aeromagnetic survey data for the region surrounding Kinsley Mountains from GETECH of Denver Colorado.

The Kinsley Mountain property consists of 141 unpatented lode mining claims covering an area of approximately 1,136 ha (hectares). Alta Gold produced some 135,000 ounces of gold from the property from 1994 to 1999 before abandoning it in 2000. Most of the property has not recently been systematically explored.

Animas Resources is involved in discovery and acquisition of mineral deposits, currently focused on its Santa Gertrudis precious metal and related deposits and prospects within a 562 square kilometer land holding in the Santa Teresa district. Golden Arrow and Kinsley Mountain are the most recent additions to the Animas exploration property portfolio.

Animas Resources: Exploring in Mexico and Nevada for the next "Carlin Trend"

Tue, 06 Jul 2010 20:00:00 -0400

Since Animas was formed in 2007 it has been consolidating the land around the original Santa Gertrudis property; it now controls 562 square kilometres which is almost all the Santa Teresa Mining District.

Animas Resources taps investors for $1.4 million to fund Santa Gertrudis drill program

Fri, 14 May 2010 11:25:00 -0400

Junior mineral exploration company Animas Resources (TSX-V:ANI) has topped up its bank balance through a non-brokered private placement of 4 million units at 35 cents per unit, raising gross proceeds of CDN$1.4 million.

The company intends to use the funds to move ahead with additional exploration work on its key projects; the Golden Arrow and Kinsley Mountain Gold Properties, and for a new drill program at the Santa Gertrudis Gold Project in Mexico.

Each of the units included one common share and one half warrant exercisable at a price of 55 cents per share.

Gregory E. McKelvey, President & CEO of Animas commented, "We are excited to be continuing our aggressive drilling at Santa Gertrudis, Mexico, and concurrently advancing two quality programs in Nevada toward drilling for additional indications of gold mineralization. We expect drilling on Golden Arrow to commence in the fall and we are excited about testing new gold targets and extending known ones. Our planned program at Kinsley Mountain starts with a sound boot-leather approach augmented by select modern geophysics both designed to continue and update, with modern thinking, the exceptional work completed in the past. We are encouraged by near-by discoveries that have significantly changed the geologic thinking in this part of Nevada."

Animas Resources and Nevada Sunrise Gold start exploration of Golden Arrow and Kinsley Mountain in Nevada

Tue, 27 Apr 2010 11:43:00 -0400

Animas Resources Ltd (TSX-V: ANI) and its joint venture partner Nevada Sunrise Gold Corp (TSX-V: NEV) have begun field exploration programs at the Golden Arrow and Kinsley Mountain project areas in Nevada. The Golden Arrow and Kinsley Mountain exploration programs, operated by Animas, will be conducted under the technical leadership of Dr Odin Christensen.

Animas optioned into the projects earlier this month, with the initial option to earn a 51% interest in each property.

"The Golden Arrow and Kinsley Mountain areas are outstanding gold exploration targets”, Christensen commented. “Golden Arrow has volcanic-rock hosted precious metal mineralization both in high-grade veins and in disseminated epithermal deposits, with a compelling exploration model, and a robust defined mineral resource upon which to build”.

The Golden Arrow property, located in the central Nevada high desert, contains a Measured and Indicated Mineral Resource of 296,500 ounces gold and 4,008,000 ounces silver. The 2010 exploration program is designed to build upon the defined mineral resources with electrical geophysical surveys extending from areas of known mineralization and detailed electrical geophysical surveys over specific target areas.

The geophysical data will be integrated with existing technical data, and it will be used to target the drilling phase of the program. Animas expects to use a combination of diamond core and reverse-circulation drilling to test at least 6 targets during the third quarter of 2010.

The other 2010 exploration program, at Kinsley Mountain, aims to build on the propertiy's existing technical data. Kinsley Mountain consists of 141 unpatented lode mining claims, covering approximately 2,807 acres. “Kinsley Mountain has sedimentary-rock hosted "Carlin-type" gold mineralization within an emerging gold province in eastern Nevada", Christensen added.

Gold was discovered at Kinsley Mountain in the nineteen-eighties, and Alta Gold produced approximately 135,000 ounces of gold from a number of small open pits. Animas highlighted that the greater property area has yet to be systematically explored.

The work program will include a property-wide gravity geophysical survey, multi-element soil geochemical surveys and the integration of geophysical data from other sources. Subsequently, a new geological map of the property will be prepared, and it will include a consideration of the geological characteristics of recent nearby gold discoveries.

The gathered data and subsequent mapping will be interpreted for drill targeting which is scheduled for 2011.

"Animas is excited to have Dr. Odin Christensen provide the leadership on these two exciting properties. The opportunity is to apply the knowledge and newer technologies to an area with historic production and considerable size potential: size matters", Animas President Gregory E McKelvey stated.

Animas can earn a 51% interest in the Golden Arrow Property by spending C$3.5 million in exploration over three years, with the first C$1 million being spent by the end of 2010. Animas can earn an additional 9% interest through spending a further C$4 million. Furthermore the company has the right to earn up to a 75% interest by paying for and completing a Pre-Feasibility study.

Once Animas has earned the initial 51% interest, a formal joint venture will be formed between the two companies.

Animas can earn a 51% interest in the Kinsley Mountain property by spending C$1.5 million in exploration expenditures over three years, with $200,000 required by the end of 2010. Animas can subsequently take its stake to 65% by spending a further C$3 million, and it also has the right to earn up to 75% interest by paying for and completing a Pre-feasibility Study.
As with the Golden Arrow, a formal joint venture will be formed once Animas has earned its 51% interest.

On 8 April 2010, the company also announced a non-brokered private placing to raise gross proceeds of C$1.4 million, through the issue of 4 million units, comprising one share and one half warrant, at C$0.35 per unit. The proceeds will be used for drilling at the company’s Santa Gertrudis property in Mexico, the Golden Arrow property and the Kinsley Mountain property, and for general corporate purposes.

Work also got underway at the company’s principal project, San Gertrudis, last week when Animas commenced a 3,000 metre drilling programme at the El Tigre area, to explore for a causative intrusive and proximal skarn mineralization, while also considering other targets.

The Latin America focused company has re-consolidated the Santa Teresa District's Santa Gertrudis precious metal and related deposits and prospects within a 562 sq km (square kilometer) land holding. The mine at Santa Gertrudis has produced over 560,000 oz (ounces) of gold from a mine commissioned to start with 1.2 Moz (million ounces).

Animas Resources commences diamond drilling programme to test El Tigre gold targets

Tue, 20 Apr 2010 10:43:00 -0400

Animas Resources (TSX-V: ANI) has announced the commencement of a 3,000 metre drilling programme at the El Tigre area in Mexico to explore for a causative intrusive and proximal skarn mineralization, while also considering other targets.

These potential targets include extensions of the Cristina epithermal gold mineralization to the north and the potentially bonanza-grade roots of this system as well as several other targets, which will be drilled if large tonnage potential can be inferred.

The company has also reached confidentiality agreements with two companies, allowing them to review the mine for leach potential of the district. Apart from NI43-101 compliant resources at La Cristina, the district has non-compliant historic resourses and existing lined leach pads.

The distal gold potential will be considered as part of the review of the non NI 43-101 compliant resources. Animas is currently considering commissioning a new resource review to potentially update some of the historic resources.

“We are excited to test the large tonnage potential El Tigre targets and continues to delineate other quality targets for additional drilling. We have known from the beginning that the district has important potential for mine for leach material and now that the principle focus for large discoveries is not spatially in the areas of known oxide resources and historic occurrence, it is a good time to entertain serious reviews of the leach potential,” said President of Animas Gregory McKelvey.

Back in March, the company reported that drilling at El Tigre intercepted significant skarn altered intervals of anomalous Mo, Bi, As, Sb and long intervals of anomalous zinc.

The Latin America focused company has re-consolidated the Santa Teresa District's Santa Gertrudis precious metal and related deposits and prospects within a 562 sq km (square kilometer) land holding. The mine at Santa Gertrudis has produced over 560,000 oz (ounces) of gold from a mine commissioned to start with 1.2 Moz (million ounces).

Animas has recently optioned into two gold properties in Nevada, the Golden Arrow and Kinsey Mountain, and will operate both projects with the initial option to earn a 51% interest in each property.

Last week the company announced a non-brokered private placing to raise gross proceeds of C$1.4 million, through the issue of 4 million units, comprising one share and one half warrant, at C$0.35 per unit. The proceeds will be used for drilling at the company’s Santa Gertrudis property in Mexico, the Golden Arrow property and the Kinsley Mountain property, and for general corporate purposes.

Animas Resources options into Golden Arrow and Kinsley Mountain projects with Nevada Sunrise Gold

Thu, 08 Apr 2010 09:57:00 -0400

Animas Resources (TSX-V: ANI) has signed a binding letter of agreement with Nevada Sunrise Gold Corp (TSX-V: NEV) to option into two gold properties in Nevada - the Golden Arrow and Kinsley Mountain. Animas will be the operator of both joint venture projects with the initial option to earn a 51% interest in each property.

“As is the case at Santa Gertrudis in Mexico, Golden Arrow has a NI 43-101 compliant resource and exceptional potential to expand the resource and discover new resources. Kinsley Mountain is an equally exciting Carlin-Like target that matches our growth strategy in precious metals”, Animas President and CEO Gregory E McKelvey commented.

The Golden Arrow gold property is located in the Nevada high desert approximately 60km east of Tonopah in Nye County. The recently consolidated property consists of 279 unpatented lode mineral claims and 17 patented lode mineral claims, spanning a total area of approximately 5,684 acres.

According to Animas, the property has a number of favorable attributes for mineral resource exploration with gentle topography, mild climate, available ground water, and close proximity to highways and towns. At Golden Arrow, historic exploration has resulted in the discovery, and subsequent drill-definition, of two centers of gold-silver mineralization. Nevada Sunrise has previously reported a 43-101 compliant measured and indicated resource for the property.

Animas can earn a 51% interest in the Golden Arrow Property by spending $3.5 million in exploration over three years, with the first $1 million being spent by the end of 2010. Animas can earn an additional 9% interest through spending a further $4 million. Furthermore the company has the right to earn up to a 75% interest by paying for and completing a Pre-Feasibility study.

Once Animas has earned the initial 51% interest, a formal joint venture will be formed between the two companies.

The Kinsley Mountain gold property, in eastern Nevada, is located between the towns of Ely and Wendover in Elko County. Kinsley Mountain consists of 141 unpatented lode mining claims, covering an area of approximately 2,807 acres. Previously, a former owner produced 134,777 ounces of gold at Kinsley Mountain between 1994 and 1999.

Gold mineralization occurs in Middle to Upper Cambrian-age sedimentary rock units including limestone, dolomite and shale, and according to Animas this mineralization exhibits characteristics similar to other sedimentary rock-hosted ‘Carlin-type’ gold deposits in Nevada.

There is a substantial technical archive for the property, which includes records for 1,156 drill holes, totaling 244,900 feet - with an average depth of only 212 feet.

Animas can earn a 51% interest in the Kinsley Mountain property by spending $1.5 million in exploration expenditures over three years, with $200,000 required by the end of 2010. Animas can subsequently take its stake to 65% by spending a further $3 million, and it also has the right to earn up to 75% interest by paying for and completing a Pre-feasibility Study.

As with the Golden Arrow, a formal joint venture will be formed once Animas has earned its 51% interest.

“Animas has reviewed, and continues to review, merger and joint venture opportunities with compatible companies with properties complementary to our growth strategy", McKelvey added.

Animas also announced a non-brokered private placing to raise gross proceeds of $1.4 million, through the issue of 4 million units, comprising one share and one half warrant, at $0.35 per unit. The proceeds will be used for drilling at the company’s Santa Gertrudis property in Mexico, the Golden Arrow property and the Kinsley Mountain property, and for general corporate purposes.

Animas Resources Drilling To Test Deep Targets at Santa Gertrudis

Fri, 23 Oct 2009 09:34:00 -0400

Animas Resources Ltd (TSX-V: ANI) announced that it has started a 20+ hole drilling program Santa Gertrudis , which is initially focused on testing the main Toro - Gregorio mineralized zone. The Toro - Gregorio target is comprised of over 3Km₂ of moderate to strong surface alteration, has previously hosted 5 past producing, open pit gold mines.

Animas Resources Ltd is a North American mineral resource company focused on acquisition and discovery in Latin America. Animas Resources intends to develop through discovery and acquisition of high quality mineral deposits and to build upon the historic gold resource base at Santa Gertrudis, Mexico.

The Toro-Gregorio target area has never been deeply drill tested and up to eleven holes are planned in this area. One of these holes will be drilled below the 2008 Animas' drill hole at Camello which ended in highly anomalous alteration and gold mineralization.

Other large tonnage potential-type targets as well as several more conceptual-type targets also will be tested during this phase of drilling. The Toro - Gregorio target is considered to be the best of the currently identified sedimentary rock-hosted gold targets.

Animas Resources increases financing to $2 Million for Santa Gertrudis Gold Project Drilling

Wed, 03 Jun 2009 19:52:00 -0400

hese additional funds will allow the Company to expand the upcoming drill program at the Santa Gertrudis gold project and the many targets currently being identified by the geological team in this large district